Health Minister Peter Dutton and New Zealand Minister of Health Jonathan Coleman have said both governments will abandon efforts to establish a joint therapeutic goods regulator.

The decision to cease work on the Australia New Zealand Therapeutic Products Agency (ANZTPA) came following a review of progress and assessment of costs and benefits, the joint statement said.

However, the Therapeutic Goods Administration (TGA) and the Medicines and Medical Devices Safety Authority (Medsafe) would continue to work together on trans-Tasman regulatory harmonisation activity that was of potential value to both countries, the Ministers said.

“These include the development of a new information sharing agreement and formalising mutual recognition of good manufacturing practice audits.”

The Ministers said each country remained open to future cooperation activities.

For more, see tomorrow’s Pharmacy Daily.

The above Breaking News Alert was sent to Pharmacy Daily subscribers on 21 Nov 14

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Pharmacy Daily is Australia's favourite online publication dedicated to the pharmacy industry. The publication launched in March 2007 and is distributed every day by email to pharmacists across the country. MORE